An affiliate of Washington, D.C.-based global investment firm The Carlyle Group has acquired Virginia tech companies IST Research and Two Six Labs to form Two Six Technologies Inc., which will provide tech services to the intelligence community, the Department of Defense and other national security customers.
Financial terms of the acquisitions were not disclosed, but the combined company has a combined contract ceiling of more than $400 million. Fredericksburg-based IST Research provides services including open source data collection, population engagement and content discovery, while Arlington-based Two Six Labs provides cybersecurity and advanced technology services.
The merged company will be led by former Booz Allen Hamilton Executive Vice President Joe Logue, who will serve as its CEO. In his role with Booz Allen, he led the firm’s defense and intelligence business. Larry Prior, who served as CEO of CSRA Inc. before it was acquired by General Dynamics, will serve as chairman of the board. IST Research founder and CEO Ryan Paterson will serve as chief growth officer and Two Six Labs President and CEO Chris Greamo will serve as chief technology officer.
